Diamond Hill Capital Management LLC Investment Advisor Invests $50.83 Million in Cimpress plc $CMPR

Diamond Hill Capital Management LLC Investment Advisor bought a new stake in Cimpress plc (NASDAQ:CMPR) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 499,793 shares of the business services provider’s stock, valued at approximately $50,829,000. Diamond Hill Capital Management LLC Investment Advisor owned 2.06% of Cimpress at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of CMPR. Financial Management Professionals Inc. acquired a new stake in Cimpress during the 2nd quarter worth $33,000. KBC Group NV acquired a new position in Cimpress in the first quarter valued at $30,000. Allworth Financial LP increased its stake in Cimpress by 250.0% in the third quarter. Allworth Financial LP now owns 518 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 370 shares during the period. EverSource Wealth Advisors LLC raised its holdings in shares of Cimpress by 27.7% in the first quarter. EverSource Wealth Advisors LLC now owns 817 shares of the business services provider’s stock valued at $60,000 after buying an additional 177 shares during the last quarter. Finally, Quarry LP purchased a new stake in shares of Cimpress in the third quarter valued at about $55,000. Hedge funds and other institutional investors own 77.64% of the company’s stock.

Cimpress Price Performance

Shares of CMPR opened at $94.46 on Monday. The company has a 50-day simple moving average of $95.63 and a 200-day simple moving average of $86.00. The company has a market capitalization of $2.30 billion, a PE ratio of 25.06 and a beta of 1.80. Cimpress plc has a 52-week low of $56.34 and a 52-week high of $106.57.

Cimpress (NASDAQ:CMPR) last announced its quarterly earnings results on Wednesday, July 29th. The business services provider reported $0.97 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.25). The firm had revenue of $944.96 million for the quarter, compared to analysts’ expectations of $945.53 million. Cimpress had a negative return on equity of 18.83% and a net margin of 2.57%. On average, research analysts anticipate that Cimpress plc will post 4.45 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Zacks Research lowered Cimpress from a “strong-buy” rating to a “hold” rating in a report on Thursday. Wall Street Zen downgraded Cimpress from a “buy” rating to a “hold” rating in a research note on Saturday. Truist Financial decreased their price objective on Cimpress from $110.00 to $108.00 and set a “buy” rating for the company in a research report on Friday, July 31st. Weiss Ratings raised Cimpress from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. Finally, Barrington Research set a $121.00 target price on Cimpress in a research note on Tuesday, August 11th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $114.50.

Insider Transactions at Cimpress

In related news, EVP Sean Edward Quinn sold 5,009 shares of the company’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $104.22, for a total value of $522,037.98. Following the completion of the transaction, the executive vice president directly owned 28,937 shares in the company, valued at approximately $3,015,814.14. This represents a 14.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Robert S. Keane sold 6,500 shares of the stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $96.09, for a total transaction of $624,585.00. Following the transaction, the chief executive officer owned 76,177 shares in the company, valued at approximately $7,319,847.93. The trade was a 7.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 34,489 shares of company stock valued at $3,550,561. 10.20% of the stock is currently owned by company insiders.

Cimpress Profile

Cimpress NV is a global leader in mass customization and web-to-print services, offering businesses and consumers an online platform to design, order and personalize printed marketing materials and promotional products. As the parent company of Vistaprint and a portfolio of regional print service providers, Cimpress leverages proprietary technology to connect millions of small- and medium-sized customers with a network of manufacturing facilities around the world. Its product range spans business cards, brochures, signage, labels, apparel, packaging and a variety of bespoke merchandise.

The company traces its roots to Vistaprint, founded in 1995 by Robert W.